Buying Iraqi Dinar good idea?
12-11-2009, 02:45 AM
#21
Did you happen to buy around march 9th of this year or close to it? I should have chosen my words better in saying they weren't doing very well, but they aren't doing anything special compared to the rest of the market. Nearly every stock has had a solid increase since the low point in March.
12-14-2009, 10:24 PM
#22
Tribe Shaman
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i mean sealed as in their country is not their own until we leave.
i mean sealed as is not doing business with the out side world.
i mean dinars from the central bank of iraq and not from the central bank of jordan.
if you have in your possion dinars from the central bank of jordan, you *** just got took to the cleaners.
12-15-2009, 05:58 PM
#25
It's amazing that this guy isn't wanting to keep all of his Dinar since the price is about to break through at any second.
12-21-2009, 11:39 PM
#26
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I think that is a very good point.I feel if it is about to revalue real soon and that he has a personal stash of this money,but he keeps making money by buying and selling the dinar as his business in case it doesn't revalue soon.
12-22-2009, 12:10 AM
#27
Just please think about the logistics for a little bit. Let's say that this man has $5 million in dinar. It revalues and it becomes equivalent to the US dollar. He now has $7.5 billion. You can't just create wealth like that. More people make money by taking advantage of people's lack of common sense than by any other means. He's doesn't think the dinar will become worth anything...at all. He's making his money on people buying into the fact that it will become worth something. Why would he get rid of any of them, ANY OF THEM, if he thought that each one would become worth 1500x what they are worth now at any point in the future?
12-22-2009, 12:19 AM
#28
Just please think about the logistics for a little bit. Let's say that this man has $5 million in dinar. It revalues and it becomes equivalent to the US dollar. He now has $7.5 billion. You can't just create wealth like that. More people make money by taking advantage of people's lack of common sense than by any other means. He's doesn't think the dinar will become worth anything...at all. He's making his money on people buying into the fact that it will become worth something. Why would he get rid of any of them, ANY OF THEM, if he thought that each one would become worth 1500x what they are worth now at any point in the future?
Money doesn't get revalued. Currency fluctuates based on many factors, but most importantly demand. As a country's money becomes more desirable, it becomes more valuable. Like I said before, in order for the Dinar to follow this pattern, there would have to be a huge amount of people exchanging currency for the Dinar and that simply isn't happening.
I'm curious to how people think currency is just "revalued." Do people think that they'll wake up one day and $1 US can only buy 10 Dinar, when the day before $1 US could buy 1000 Dinar? It doesn't work that way and I would be happy to point out more problems with that theory.
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